How long will bitcoin trade sideways?

Stimulated by the news of Chinese blockchain at the end of the month, BTC fell into a box trend with a wide range of shock after its violent rise, which lasted for 12 days. During this period, altcoin rose sharply with an impressive rise, so that in the past 48 hours, many investors who held BTC began to lose their loneliness and threw themselves into altcoin's "battle". However, we all know the story of "beating the drum to pass the flower". Generally speaking, the first one comes to eat meat and drink soup, and the second one pays the bill.

So how long does BTC go sideways? I think it depends on two things:

1, the strength of the capital, apparently altcoin is carried this batch of funds, they cross the BTC to hype altcoin here, may even have to leave (from the perspective of the "conspiracy theory" those trapped in the project, hope that through the likely "policy for" get out, to find the money to do), such as altcoin after the ebb, BTC completes the support tasks;

2. Depending on the technical cycle, within a week, ma144 starts to move down, forming a cloud that may lead to the suppression of technology bears.

Let's compare the four charts:

The first chart is to eliminate the analysis of these two days I BTC after the market value of figure, a slightly obviously will boost, because without the BTC the "legs", in his arms and is lack of confidence, so rise in six hours in the chart, we see the macd technical deviation, the pressure is very obvious, if you can't resolve, "Waterloo" is probably altcoin.

The second chart is BTC, which has a horizontal trend for 12 days and no direction. Therefore, at this stage, if you participate in the speculation of BTC, the profit is not ideal, but if you "get off" now to catch up with altcoin, it may not be a good choice.

The third chart is ont, a typical altcoin, which was basically abandoned by the market before. In November, China's positive stimulus brought an explosive trend. Compared with the previous position, it directly doubled, which is the main speculation target of this wave of market.

The fourth chart is XRP. XRP is an alien. Whether it is the doubt of his blockchain identity or his speculation background, it seems to be out of place in this market. From a technical point of view, he broke through the long term pressure line of the daily cycle of ma144, which is considered strong, but from a larger cycle, he is only back to the position of December 2018, and nothing to go up.

There are plenty of other proxies in the market, such as the airbnb and ht, as well as other mid-market altcoin, which cannot be shown because of space constraints.

I would like to show you a point of view through a set of charts above: that is, the speculation here is not a bull market, because the bull market should be an overall market, and at present only some people with the so-called good, speculation part of altcoin. And once the tide goes out, what's left on the beach is basically a matter of fate. Of course, the development of things is gradual, it is from nothing to something, from something to prosperity, from prosperity to decline. Altcoin hype is also a process, so I said they have no foundation, no sense, but it doesn't mean they will crash immediately, this is the natural law of the development of things. But the final result, decline is inevitable, because their hype does not have a solid foundation, many are just "air".